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The Simple Way To Secure Your Perfect Home Loan · She's On The Money

0:00
Speaker 1: Hello, My name's Santasha Nabananga Bamblet. I'm a proud Order
0:05
Speaker 1: Order Kerney Whoalbury and a waddery woman. And before we
0:08
Speaker 1: get started on She's on the Money podcast, I would
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Speaker 1: like to acknowledge the traditional custodians of the land of
0:14
Speaker 1: which this podcast is recorded on a wondery country, acknowledging
0:18
Speaker 1: the elders, the ancestors and the next generation coming through
0:23
Speaker 1: as this podcast is about connecting, empowering, knowledge sharing and
0:27
Speaker 1: the storytelling of you to make a difference for today
0:31
Speaker 1: and lasting impact for tomorrow.
0:33
Speaker 2: Let's get into it. She's on the Money.
0:36
Speaker 3: She's on the Money.
0:57
Speaker 2: Hello and welcome to She's on the Money podcast and
1:00
Speaker 2: millennials who want financial freedom Today. My friends, guess what
1:04
Speaker 2: it is Friday, which means it is time to get
1:07
Speaker 2: our little family together and celebrate you ow incredible. She's
1:11
Speaker 2: on the Money community. This week, Miss just Gricci is
1:15
Speaker 2: going to be sharing her favorite money wins from the community.
1:18
Speaker 2: Beck say ed she's got a few broke tips that
1:21
Speaker 2: she definitely didn't steal from her girlfriend. We're gonna be
1:23
Speaker 2: helping to answer a juicy money dilemma, which this week
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Speaker 2: is all about different options when it comes to taking
1:29
Speaker 2: out a home loan. And we're going to unpack something
1:32
Speaker 2: that you slid into our DMS about this week. We're
1:35
Speaker 2: talking about how to navigate family traditions that don't feel
1:38
Speaker 2: like you when you're planning your wedding. So to start
1:42
Speaker 2: off the week, I want to know, mister Gricci, you
1:45
Speaker 2: finished your first sewing project. See it.
1:47
Speaker 4: I'm so excited. I text a few people this morning
1:51
Speaker 4: was like, look at my bag because I finished it
1:52
Speaker 4: at like twelve thirty last night, because you know when
1:54
Speaker 4: you get going, and I was so close to the
1:56
Speaker 4: end and I just had to finish it anyway. So
1:58
Speaker 4: it's a little wonky, a little bit ugly, but I'm not.
2:03
Speaker 5: That's so cute.
2:06
Speaker 4: Painting. I'm like, look what I did, But it's beautiful.
2:10
Speaker 2: And do you know what it doesn't look as how
2:11
Speaker 2: you're going as I thought it might.
2:13
Speaker 4: Thank you. Well, that's a big compliments.
2:15
Speaker 2: Like when you said it looks a bit and I
2:17
Speaker 2: was like, oh, have you got a picture, and then
2:18
Speaker 2: you showed me. I was like, oh no, that's not
2:20
Speaker 2: what I expected.
2:21
Speaker 4: That's much better.
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Speaker 5: I wouldn't have thought someone handmade that.
2:25
Speaker 2: Oh I thought you bought it, so I that is
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Speaker 2: the ten und of ten. What's the next sewing project?
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Speaker 6: Though?
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Speaker 4: I really want to try making like a top well,
2:34
Speaker 4: because the whole reason I wanted to learn to sew
2:35
Speaker 4: was because I wanted to be able to sew my
2:37
Speaker 4: own clothes, because clothes stuck. Like I went to cotton
2:39
Speaker 4: on and the top was like sixty dollars.
2:41
Speaker 2: This was going on with that. By the way, cotton
2:43
Speaker 2: you were meant to be accessible.
2:45
Speaker 4: So it's like I would go like previously and things
2:49
Speaker 4: would just be like to me, a top, like a
2:50
Speaker 4: cheap top is like forty dollars maxed maybe thirty five.
2:56
Speaker 5: The three dollars that came out. But sorry, continue what
2:58
Speaker 5: you're doing totally.
2:58
Speaker 4: But it feels like thinking so expensive. I'm about topic,
3:01
Speaker 4: but did you see speaking of things being really inflated
3:04
Speaker 4: that Cole's last financial year, they've released their profits and
3:07
Speaker 4: it was point one billion with a B, and then
3:13
Speaker 4: they had the audacity in their statement to say we've
3:17
Speaker 4: been working really hard to like help our consumers through
3:20
Speaker 4: this cost of living crisis while making a one point
3:23
Speaker 4: like I just away, it feels like everything's more extensive
3:25
Speaker 4: than it should be.
3:26
Speaker 2: So I want to shareholders wind.
3:30
Speaker 4: Yeah, so hopefully a top.
3:31
Speaker 2: But I feel makes me so mad. And they're like,
3:34
Speaker 2: we're really cracking down on theft. I know, like are
3:37
Speaker 2: you why do you think people are stealing essential sir?
3:41
Speaker 2: And also like low key, I'm not going to help you,
3:44
Speaker 2: Like I see that. That might be your narrative. But
3:47
Speaker 2: if I see someone stealing something at Coal's, I see
3:50
Speaker 2: someone stealing, that's not I didn't see that. I should
3:55
Speaker 2: have had my glasses. I'm so sorry, mister Colesman. Not
3:59
Speaker 2: my circus, not my monkeys.
4:01
Speaker 4: Yeah, it just is wild. So yeah, maybe you'll see
4:03
Speaker 4: me in a top one day soon. Might be a
4:04
Speaker 4: little wonky, will see.
4:06
Speaker 2: I don't care. We've made me love.
4:09
Speaker 4: Yeah.
4:09
Speaker 2: Have you been sewing your own clothes this week?
4:12
Speaker 1: No?
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Speaker 5: I have been doing a different type of sewing, but
4:16
Speaker 5: in the skin.
4:18
Speaker 2: Oh that's right. You've got your tax money back and
4:21
Speaker 2: you've spent it on tattoos. Is that what you mean?
4:23
Speaker 5: I got like six tattoos and I just want to
4:26
Speaker 5: say the place I got it from. They're called liquid Silver.
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Speaker 2: Here we go, we're just going to do a little
4:30
Speaker 2: shout out. I like it.
4:31
Speaker 5: Yeah, it's so cheap.
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Speaker 2: Are they how much do you tattoos cost? As somebody,
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Speaker 2: what did you get? You don't?
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Speaker 5: You don't usually are but you I know that this
4:41
Speaker 5: is this is beyond Like they were so nice to me,
4:43
Speaker 5: and I just want to say thank you so much?
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Speaker 2: How much just the tattoo cost? Because I actually don't
4:49
Speaker 2: do you know how much tattoo costs?
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Speaker 5: Just well, I's got like one random word that is
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Speaker 5: four letters, and it was very small and that was
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Speaker 5: like one hundred and fifty bucks when I first got
4:57
Speaker 5: not from this place, but yeah, and so I was like, oh,
5:00
Speaker 5: oh my god, if I want to get six tattoos,
5:01
Speaker 5: that's a lot. It's gonna be like a thousand bucks.
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Speaker 5: It wasn't Do you want to know? Am I allowed
5:05
Speaker 5: to say how much it was?
5:05
Speaker 4: Yeah?
5:05
Speaker 2: Of course I know. I want to know.
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Speaker 5: I got five tatooes for like four hundred bucks.
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Speaker 4: That does seem very cheap.
5:12
Speaker 5: Yeah, And I guess like cause I like design them all,
5:15
Speaker 5: So maybe that's many difference.
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Speaker 2: But I have no idea, And to be honest, I
5:19
Speaker 2: thought it was going to be way more than I
5:20
Speaker 2: thought tatoos were like thousands.
5:22
Speaker 5: Yeah, same anyway, that's my plan is having my body.
5:26
Speaker 2: Get tatoo to her later, not for the show, because
5:29
Speaker 2: this is an audio product, so like literally no point
5:32
Speaker 2: right now, but maybe later. Yes, let's get into the
5:35
Speaker 2: show though, because I want to know, mister Chi, tell
5:39
Speaker 2: me what money wins or confessions have you seen coming
5:42
Speaker 2: out of the group this.
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Speaker 4: Week, Randy, My first one this week comes from Danielle,
5:46
Speaker 4: who said it's a huge one for her and her partner.
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Speaker 4: It's been over two years in the making and she's
5:51
Speaker 4: been counting down the days until she could share it
5:54
Speaker 4: with the group. They now have over six figures invested.
5:59
Speaker 4: She said she used to think that this would never
6:01
Speaker 4: be her and she knows that she's really privileged to
6:03
Speaker 4: have been able to prioritize this over the time period
6:06
Speaker 4: that they did. But she's really grateful to she's on
6:08
Speaker 4: the money for the advice because they wouldn't be able
6:10
Speaker 4: to be there otherwise, which I just thought was really nice.
6:14
Speaker 2: Yeah, six figures invested, that's crazy.
6:17
Speaker 4: And I just want to say, and I've read ones
6:19
Speaker 4: before from people who have said I've invested for the
6:21
Speaker 4: first time and I've put five dollars in if it's
6:22
Speaker 4: six figures, or if it's six dollars, if you've started
6:25
Speaker 4: investing because of the show, Like that is just unreal.
6:29
Speaker 2: In our brains. What did we record just earlier?
6:32
Speaker 5: Beck, We did just do an episode on investments, actually.
6:35
Speaker 2: And Beck shared that not only because remember how Beck
6:39
Speaker 2: downloaded the chares heasapp Yes, that doesn't mean that you invested, Yes,
6:43
Speaker 2: but how much have you got invested? Beck?
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Speaker 4: Nine dollars? Well done, Thank you, very exciting. So congratulations Doniel.
6:51
Speaker 4: That is just so so so cool. Next, I've got
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Speaker 4: money in from Amanda, who also is very proud of herself.
6:57
Speaker 4: Completely different story though she said, this is very niche
7:00
Speaker 4: cultural content. It's coming up to the mid Autumn festival
7:03
Speaker 4: and boxes of mooncakes are now on sale. They're fifty, sixty, seventy,
7:08
Speaker 4: even up to one hundred and fifty dollars for a
7:10
Speaker 4: really premium gift. Box of four mooncakes.
7:13
Speaker 2: Are so expensive and if you.
7:14
Speaker 4: Didn't know, it's a tradition you give them to friends
7:16
Speaker 4: and families. So good, I've never happen before.
7:19
Speaker 2: Oh my god, maybe we should get them because they're
7:21
Speaker 2: on sale now.
7:22
Speaker 4: So Amanda said that it's really expensive, and attrition is
7:25
Speaker 4: you give them to lots of people during this period.
7:27
Speaker 4: She said, it's really hard to justify that cost. So
7:30
Speaker 4: she spent four hours and twenty dollars on some ingredients.
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Speaker 4: She used a wooden mold that she'd been gifted and
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Speaker 4: she made twenty four mini mooncakes all by herself. That's
7:40
Speaker 4: homemade gift from the heart. And she's got enough ingredients
7:42
Speaker 4: left over she could make another twenty four.
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Speaker 5: What a money.
7:45
Speaker 4: And there is a lovely photo that Amanda put in.
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Speaker 2: And they look adorable. Oh so cute? Oh those are
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Speaker 2: they look like the ones that you get in the
7:53
Speaker 2: box and they.
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Speaker 4: Were really professional and I just thought that was very cool,
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Speaker 4: like a cool way to go. Hey, like I still
7:59
Speaker 4: want to participate the tradition, but like the you know,
8:01
Speaker 4: buying a one hundred and fifty old books not for me.
8:04
Speaker 2: No, it's so expensive.
8:07
Speaker 4: What's Amanda girl?
8:09
Speaker 2: Really cool?
8:10
Speaker 4: Nest I've got money in from Alice who said they
8:12
Speaker 4: were about to buy a new dryer because there's was
8:14
Speaker 4: leading marks all over their clothes. Then her partner called Alga,
8:18
Speaker 4: who I'm assuming the washer was from or the dryer,
8:20
Speaker 4: and they sent a technician out fixed it the same
8:22
Speaker 4: day for free. For free, doesn't.
8:26
Speaker 2: Hurt to us.
8:27
Speaker 5: Total, that's so sick.
8:29
Speaker 4: So good. Next, I've got a money in from V
8:31
Speaker 4: who said she found an excellent conditioned cat tree on
8:34
Speaker 4: the nature strip. She dragged it in two minutes before
8:36
Speaker 4: the big storm hit Melbourne.
8:38
Speaker 2: Oh oh my gosh, that would have been absolutely ruined.
8:41
Speaker 4: Yes, and it's one of those ones. She's put it in
8:43
Speaker 4: a photo which I was share in a second. It's
8:44
Speaker 4: one of those ones covered in for She said her
8:46
Speaker 4: two ginger cats, Fred and George, absolutely love it. Thank
8:51
Speaker 4: you to the mystery neighbory she reckons would be one
8:53
Speaker 4: hundred dollars originally, I'm sorry the cat photos.
8:57
Speaker 2: Do you know what? She knows the rules. She knows
8:59
Speaker 2: the rules. If you going to talk about your pets,
9:01
Speaker 2: you have to pay the pet tax.
9:02
Speaker 4: They has paid her pet tax. There's lots of good
9:04
Speaker 4: photos on the thread this month, guy, so definitely go
9:06
Speaker 4: check it out. I am going to end on a
9:09
Speaker 4: money loss this week, okay, and a good reminder.
9:12
Speaker 5: I think she.
9:13
Speaker 4: Lost both her car keys and it's going to cost
9:15
Speaker 4: her twelve one hundred dollars to replace both of them.
9:18
Speaker 2: I'm sorry twelve hundred dollars.
9:20
Speaker 4: Give someone your spare car key and you know what,
9:23
Speaker 4: most even if you have a clickie, like a lot
9:25
Speaker 4: of us have the boo ye.
9:28
Speaker 2: What the you know what I mean? I knew, I knew,
9:33
Speaker 2: I knew the first time.
9:35
Speaker 4: There'll often be a manual key as well, So just
9:37
Speaker 4: get a cut of your beause to replace the electric
9:41
Speaker 4: bit I.
9:42
Speaker 2: Don't know what to call it.
9:43
Speaker 4: For a remote, Yeah, from embarrassing, to replace the remote
9:49
Speaker 4: is often extremely really liked the much better.
9:53
Speaker 5: That is much better actually objectively.
9:55
Speaker 4: To replace the remote is often extremely expensive. So if
9:59
Speaker 4: you have a car key that does have a manual,
10:01
Speaker 4: just cut a copy of the manual, give you your parents,
10:04
Speaker 4: or your best friends or your neighbors, so that if
10:06
Speaker 4: you lose your remote, you can at least still get
10:08
Speaker 4: into your car and you're not like, oh my god,
10:10
Speaker 4: I have to pay twelve hundred dollars or I can
10:11
Speaker 4: literally never drive again. Yeah.
10:12
Speaker 2: That's also like another money in if you are buying
10:15
Speaker 2: a brand new car, you know, when you're like negotiating price,
10:19
Speaker 2: negotiate to get an extra key.
10:21
Speaker 4: Oh that's so small.
10:23
Speaker 7: Yeah, Like if you're.
10:23
Speaker 2: At a car dealership and asking, you know, can I
10:26
Speaker 2: get a better price? Lock them down on price, and
10:28
Speaker 2: then say, also can you please throw in an additional key.
10:31
Speaker 2: That time is also the time, I don't know, I'm
10:33
Speaker 2: full of cartoest today to ask for like upgraded floor mats,
10:37
Speaker 2: or like additional wipers that you can put in the
10:40
Speaker 2: glove box. Like just knows how to change car wipers, So.
10:44
Speaker 4: Call her surprisingly easy, Yes, exactly.
10:46
Speaker 2: But that's the time that you want to ask for
10:48
Speaker 2: an additional key if one's not included, or you want
10:51
Speaker 2: an extra because they're so expensive, and you just know,
10:55
Speaker 2: you just know that the dealership it doesn't cost them
10:57
Speaker 2: that much.
10:58
Speaker 4: Now they probably have a machine out of the back.
11:00
Speaker 2: I want to spare it. Thank you.
11:01
Speaker 4: That's so smart. Well, Le, you go very sorry for
11:03
Speaker 4: your money lost cap, but hopefully that can be a
11:05
Speaker 4: future money win for someone else.
11:06
Speaker 2: Yeah, all right, that's a really good place to leave those. Beck.
11:11
Speaker 2: You got some broke tips, my love, I sure do.
11:14
Speaker 5: I was gonna say once I ended up losing my keys.
11:16
Speaker 5: I was instant Kilda or something, and I was quoted
11:19
Speaker 5: like fourteen hundred. It was between fourteen hundred and two
11:22
Speaker 5: thousand dollars. And you see my car, it's so old.
11:26
Speaker 4: I could break a window and replace that exactly.
11:30
Speaker 5: Jiggle the handle for long enough. It's just gonna calm
11:33
Speaker 5: undone by itself.
11:34
Speaker 2: I could probably jimmy this with a screwdriver, but three dollars.
11:39
Speaker 5: I googled, googled Google, even went on Reddit randomly. I
11:42
Speaker 5: went everywhere and I found someone who did it.
11:44
Speaker 4: Didn't look very.
11:46
Speaker 5: Very safe, look very dodgy, but he did it for
11:48
Speaker 5: three hundred bucks.
11:49
Speaker 2: Soueen. Just know that Google is your friend, a good
11:53
Speaker 2: reminder to shop around you go.
11:55
Speaker 5: Exactly okay, So I have two broke tips from the
11:59
Speaker 5: commune and one for myself, as per usual. Exciting when
12:04
Speaker 5: one listener said shop at NQR. I know we've gone
12:08
Speaker 5: and said, we usually talk about like Cheaper by Miles
12:11
Speaker 5: and its equivalents, but I don't think I've mentioned.
12:14
Speaker 2: Q yours, and I feel like I'm missing out. It
12:18
Speaker 2: is so fun, like everything's basically a dollar.
12:22
Speaker 5: Everything's a dollar. Actually, I was watching this is Cheaper
12:25
Speaker 5: by Miles, but it's very similar to NQR. Someone went
12:28
Speaker 5: and they said, like, you know, they have like ten bucks,
12:29
Speaker 5: and they made like a video of it. And he
12:31
Speaker 5: went through and kind of just like picked items and
12:34
Speaker 5: he had like a whole basket full of stuff and
12:35
Speaker 5: he only had ten dolls on him. So you go
12:38
Speaker 5: to places like NQR Cheaper by Miles, and of course
12:41
Speaker 5: people things are in there because they're not quite right
12:44
Speaker 5: they're NQR. But that's fine.
12:46
Speaker 2: It doesn't care about.
12:47
Speaker 5: We don't care about.
12:48
Speaker 4: That's like a smash box or a misprinted label.
12:52
Speaker 5: Soon things that are completely fine to eat and tasty
12:56
Speaker 5: and also fun. It is so fun going in there
12:58
Speaker 5: because there's like little toys and things like it's exciting.
13:00
Speaker 2: It's just it's an adventure.
13:02
Speaker 5: It's an adventure.
13:03
Speaker 2: I love it and you are good one, especially right now.
13:06
Speaker 2: The one thing that I do remember them having a
13:08
Speaker 2: lot of is like school snacks, like snacks for kids
13:12
Speaker 2: for their lunch boxes. And I mean we've all been
13:15
Speaker 2: kids where you get a bit sick of our lunch
13:17
Speaker 2: box snacks. What a good way to mix it up?
13:20
Speaker 5: Yes?
13:21
Speaker 2: Or cheap?
13:22
Speaker 1: Yes.
13:23
Speaker 5: The sex one comes from a friend of mine.
13:25
Speaker 2: Next, like, I don't have kids, not a problem for.
13:28
Speaker 5: Problem, easy easy easy sext one comes from a friend.
13:31
Speaker 5: And I know you guys are not going to like
13:33
Speaker 5: this one, but this is so al okay show, let's
13:36
Speaker 5: go okay. So if you're going to like those BYO restaurants, yeah.
13:41
Speaker 2: Usually this is definitely up our alley by the way, Okay, past.
13:45
Speaker 5: Are good, So you know, it's I feel like it's
13:48
Speaker 5: really socially unacceptable to take yourself a bottle of what
13:51
Speaker 5: are they called the bladder of goon or a bottle of.
13:56
Speaker 2: Phrased that way, and that does make it less attractive,
14:00
Speaker 2: doesn't it? Carry on?
14:05
Speaker 5: Bag cusp off. Of course, it's.
14:09
Speaker 2: A matter of what I mean, teches correct.
14:13
Speaker 4: I was just like, I don't think you're wrong. I
14:15
Speaker 4: just think it's gross.
14:19
Speaker 5: Yeah, the image of.
14:20
Speaker 2: That carry on. So we're not taking that to bo apparently.
14:26
Speaker 5: But if you have, like everyone does this, But I
14:29
Speaker 5: always keep my old wine bottles because it's really nice
14:31
Speaker 5: for like if you want to put like a little
14:32
Speaker 5: pop plane in a little flower or something like that,
14:34
Speaker 5: so you like keep all your old wine bottles.
14:36
Speaker 2: I am keeping all my old wine bottles because my
14:38
Speaker 2: niece and my nephew are collecting them for the recycling.
14:42
Speaker 2: So like I I get crucified if they come to
14:45
Speaker 2: my house and there's not a collection of recyclables for them,
14:48
Speaker 2: because that's their pocket money. Drinking.
14:50
Speaker 5: Baby, Well, you would really find enjoyment in this because
14:56
Speaker 5: you can just chuck.
14:57
Speaker 2: I know that you can put goon wine in the
15:00
Speaker 2: if you're.
15:00
Speaker 5: In the bottle or your fat little lamb or whatever
15:02
Speaker 5: cheap equivalent of alcohol you have. I used to do
15:05
Speaker 5: like a spirits mixed with This is really gross, but
15:06
Speaker 5: it was spirits mixed with seventy five cent soda water
15:09
Speaker 5: and a dash of cord.
15:12
Speaker 2: Sorry, reframe, you made cocktails.
15:14
Speaker 4: I cocktails.
15:16
Speaker 5: I made cocktails and it was so cheap, and it
15:18
Speaker 5: was like, god like, it's so easy to just go,
15:21
Speaker 5: you know, but you can't like walk around with like
15:23
Speaker 5: a plastic bottle of soda water.
15:24
Speaker 2: I walk around with a bottle of wine either.
15:28
Speaker 5: But that's true.
15:29
Speaker 2: But yeah, you're taking anybody's here to stop you very deep,
15:32
Speaker 2: it's very discreet.
15:33
Speaker 5: Just know that me and everyone else, no one's going
15:36
Speaker 5: to judge you for doing this. And I think it's
15:38
Speaker 5: a really good way.
15:39
Speaker 2: No, Okay, iconic, I'll call to a Bayo restaurant for
15:41
Speaker 2: cheap And that's not even your broke tick. That was
15:44
Speaker 2: somebody else's.
15:45
Speaker 5: That's but I did say it was a friend. And
15:47
Speaker 5: you know, I surround myself with people just like myself,
15:50
Speaker 5: as you should call as I should. This next one
15:53
Speaker 5: also comes from a friend, but I'm going to claim it. Okay,
15:56
Speaker 5: all right, so I'm claiming it. It's my own. So
15:59
Speaker 5: my friend said switch or sorry, I say, switch off
16:02
Speaker 5: your hot water when out for the day. Electric hot
16:04
Speaker 5: water systems in particular, not like with gas. You have
16:08
Speaker 5: like a what was it called that burning? What's a pilot?
16:11
Speaker 2: Pilot like?
16:12
Speaker 5: Don't switch that off because I feel like it takes
16:14
Speaker 5: a whole team of professionals coming and switch that back on.
16:17
Speaker 5: If you have an electric hot water system, switch it
16:19
Speaker 5: off for the day as you go out. It'll save
16:20
Speaker 5: your money.
16:21
Speaker 2: I'm so confused. Do you think that? Sorry, I'm not confused.
16:24
Speaker 2: I just have questions. Please quite smart. So I like that,
16:28
Speaker 2: But does it then cost you more to reheat it?
16:31
Speaker 4: This is what a guy said to me about heating
16:33
Speaker 4: the house. Remember how I've been like two months in
16:34
Speaker 4: a row and heating meal. Won't it eight dollars? I
16:38
Speaker 4: just paid them. We didn't pay the first one because
16:41
Speaker 4: I was just so in shock. Switch pay sixteen hundred
16:44
Speaker 4: dollars this month.
16:44
Speaker 2: I know you didn't for your heater. H Do we
16:50
Speaker 2: want to talk about I mean I do, but then
16:53
Speaker 2: we can see your trauma we're talking.
16:54
Speaker 4: To someone, and they said, just instead of turning it off,
16:57
Speaker 4: because I'm like, I don't understand, like I'm turning it
16:59
Speaker 4: off during the day, like we're only for attit of
17:00
Speaker 4: like we cannot get.
17:01
Speaker 2: I think this is where this question in my head
17:04
Speaker 2: is coming from, from you saying, like I turn it off.
17:06
Speaker 2: I don't get it, Like is it the reheat?
17:08
Speaker 4: Yeah, well that's what this heating person said, is it
17:10
Speaker 4: might be more affordable to just keep even overnight, keep
17:13
Speaker 4: it at like seventeen degrees or like, because our house
17:16
Speaker 4: has been dropping to like twelve on the really cold days.
17:19
Speaker 4: I don't get a whole other story about insalation, but anyway,
17:22
Speaker 4: he was like, just try pay enough to keep it
17:24
Speaker 4: at you know, seventeen or so, and then it'll be
17:27
Speaker 4: actually more affordable in the long run than trying to
17:30
Speaker 4: pump enough heat to bring it up from like twelve,
17:32
Speaker 4: which I blew my mind but.
17:34
Speaker 2: Also makes sense. Yeah, like science sciences, but the math
17:38
Speaker 2: in my head not math.
17:40
Speaker 4: Yeah, it's all too far over for me. But I
17:43
Speaker 4: don't know if maybe you're right.
17:44
Speaker 2: I just have questions. So I think that that might
17:46
Speaker 2: be really smart because the hot water system is definitely
17:48
Speaker 2: not the same as heating a whole house. Like maybe
17:51
Speaker 2: you just put it through and it's one of those
17:52
Speaker 2: like instant hot water systems.
17:54
Speaker 5: Yeah, true, Yeah, well much time, I'm thinking, because if
17:57
Speaker 5: you like turn your car on every time you stop,
18:01
Speaker 5: turn off and on, that's using all more petrols than
18:03
Speaker 5: if you just like idling, I assume is it the same?
18:07
Speaker 2: Was it built it into my car then?
18:08
Speaker 4: Yeah?
18:09
Speaker 5: H yeah, sorry, I forgot that. I forgot about your
18:13
Speaker 5: newer car.
18:21
Speaker 2: Victoria's car fan over here.
18:25
Speaker 5: Yeah, in that case, I take that back.
18:27
Speaker 2: No, no, no, that doesn't mean it's true. It's actually the
18:29
Speaker 2: most annoying thing in the entire world, that is the
18:32
Speaker 2: most one of the most first world problems. Is I
18:35
Speaker 2: hate when my newer car stops at the traffic lights
18:38
Speaker 2: and then I want to go, but then I have
18:40
Speaker 2: that few second delay lag of like the car turning
18:44
Speaker 2: itself back on and I can't. I feel like the
18:46
Speaker 2: people behind me are grumpy at me.
18:49
Speaker 4: That's probably why on my list of things that are
18:50
Speaker 4: embarrassing for no good reason. Yeah, you know what I mean,
18:53
Speaker 4: Like that, if you don't take off quick enough of
18:54
Speaker 4: the lights, like it's fine, it's not that deep, but
18:56
Speaker 4: like or yeah, the sound of the car turning on,
18:59
Speaker 4: Like sometimes my radio won't work, Like it just will
19:04
Speaker 4: not work, so you have to turn the car off
19:05
Speaker 4: and on, and so I won't notice until i'd like
19:07
Speaker 4: driven to the first up traffic lights and then I'll
19:09
Speaker 4: try to turn my car off and then on to
19:10
Speaker 4: get it going.
19:11
Speaker 2: Oh that's embarrassing.
19:12
Speaker 4: Yeah, so embarrassing. I'm like, Oh, my other person the
19:14
Speaker 4: car behind me can see me turn my car off.
19:16
Speaker 2: I feel like there is that are embarrassing that shouldn't
19:20
Speaker 2: be embarrassingly. The other day, I went on a walk
19:23
Speaker 2: because I wanted to like go a different way because
19:25
Speaker 2: usually I do like a loop around my area, which
19:28
Speaker 2: I've talked about a million times. But I like, at
19:31
Speaker 2: what point do you turn around and not look insane?
19:34
Speaker 2: I know, lip like, what do you do? Do you
19:37
Speaker 2: just stop halfway up the path, turn around and start walking.
19:40
Speaker 5: You got to pretend you're on the phone on the phone,
19:45
Speaker 5: and I kind of like or all back and forth
19:47
Speaker 5: a bit, and then I like kind of like kick
19:48
Speaker 5: the stones on the ground and then I will slowly
19:50
Speaker 5: walk the other way.
19:51
Speaker 4: I do that at the shops if I've gone the
19:52
Speaker 4: wrong direction. I'm like, too embarrassing to just simply turn around, Like,
19:56
Speaker 4: God forbid.
19:57
Speaker 2: I wanted to get something else from the fruit and
19:59
Speaker 2: vegetable section and I have to go back now. That's
20:03
Speaker 2: in fact, we need to do a thread just in
20:05
Speaker 2: the Facebook group this week of just things that are
20:08
Speaker 2: so embarrassing for no good reason. Do you know what
20:12
Speaker 2: else I find really embarrassing that shouldn't be embarrassing? Money
20:15
Speaker 2: related though, having to count out my money, Like when
20:18
Speaker 2: I'm like, like when I've got like coins or something,
20:21
Speaker 2: I just feel the amount of stress that I feel
20:25
Speaker 2: making the cashier weight for me to find the money.
20:29
Speaker 2: It's almost like I forgot that I could even add
20:32
Speaker 2: money together. I'm like, how much more did you need?
20:34
Speaker 2: And They'll be like a dollar and I'd be like,
20:35
Speaker 2: I don't know how to calculate a dollar, Like my
20:37
Speaker 2: brain just turns off. It's mortifying.
20:40
Speaker 4: Yeah, God, anxiety, you love to see it.
20:43
Speaker 2: Everybody everybody listening to this, Who's like, I don't find
20:47
Speaker 2: anything You don't have anxiety? Do you?
20:51
Speaker 6: World?
20:52
Speaker 5: All right?
20:52
Speaker 2: Well, those were good broke tips. Those were epic community
20:55
Speaker 2: money wins. Let's go to a really quick break on
20:58
Speaker 2: the flip side. We're going to be talking about the
20:59
Speaker 2: different options when it comes to taking on a home own,
21:02
Speaker 2: and we're going to be talking about something a little
21:04
Speaker 2: bit spicier. How do you navigate family traditions that don't
21:07
Speaker 2: feel very much like you when planning your wedding? So
21:10
Speaker 2: don't go anywhere.
21:16
Speaker 4: Welcome back everyone. Let's take a listen to this week's
21:18
Speaker 4: money dilemma? Shall we?
21:22
Speaker 2: Hi?
21:22
Speaker 8: There? Have you got a money dilemma you just can't solve?
21:25
Speaker 8: The Sheese on the Money team is here to help.
21:27
Speaker 8: Every week, we tackle your dilemmas, both big and small,
21:30
Speaker 8: to answer your most burning money, career and life questions.
21:34
Speaker 8: To get involved, simply head to our website and leave
21:36
Speaker 8: us a short voice recording and you might just find
21:38
Speaker 8: yourself on the show. Now, let's take a listen to
21:41
Speaker 8: this week's money dilemma.
21:47
Speaker 6: I'm currently saving for my first home, aiming for around
21:50
Speaker 6: seven hundred thousand and eager to start asap due to
21:53
Speaker 6: the rising market. I have ninety thousand dollars in stocks
21:57
Speaker 6: and forty thousand dollars saved. My family can't be guarantee
22:00
Speaker 6: or can't help with the deposits, so I'm considering two
22:03
Speaker 6: options at the moment company called own Home. With my
22:07
Speaker 6: current forty percent savings, I can enter the market now.
22:11
Speaker 6: My repayments would be about four eight hundred per month
22:14
Speaker 6: at a six point nine percent variable. If I wanted
22:17
Speaker 6: to save an extra forty thousand dollars over the next
22:20
Speaker 6: six to eight months, I can go with a company
22:22
Speaker 6: called timely Home. My repayments would be around about three thousand,
22:26
Speaker 6: seven hundred per month at a five point nine percent
22:30
Speaker 6: fixed rate for two years.
22:31
Speaker 7: Alternatively, I can catch in all of my stocks for
22:34
Speaker 7: an almost twenty percent deposit and follow a normal bank route. However,
22:38
Speaker 7: it's just going to leave me with no safety net
22:40
Speaker 7: and I'm going to face capital gains at tax time.
22:43
Speaker 2: Any advice would be so appreciated.
22:46
Speaker 6: Guys.
22:46
Speaker 4: I'm always just skeptical if I'm honest of anything that's
22:49
Speaker 4: not a bank, which I know, like, it's really great
22:53
Speaker 4: that we have access to all of these different things.
22:54
Speaker 4: And I don't know anything about either of those companies,
22:58
Speaker 4: but even rent to Buy, I just I don't know.
23:01
Speaker 4: There's something about it that makes me a little bit iffy.
23:04
Speaker 2: And I did a little bit of research and they
23:07
Speaker 2: seem like two different things. So own Home when I
23:11
Speaker 2: have a look at it. It's like spend less to
23:13
Speaker 2: become a homeowner, rah rah. And it's definitely some type
23:17
Speaker 2: of low deposit home loan scheme where they are the
23:22
Speaker 2: lending facility. Whereas Timely that she mentioned, when I look
23:26
Speaker 2: them up, they're just mortgage brokers. So the one thing
23:29
Speaker 2: I would say is get really clear on who you're
23:32
Speaker 2: talking to. So it sounds like you've done a heap
23:34
Speaker 2: of research, and it sounds like you're really well resourced.
23:37
Speaker 2: Like forty grand in savings, that's a lot, ninety thousand
23:42
Speaker 2: dollars in shares. That's incredible. That doesn't mean you need
23:46
Speaker 2: to sell it down, but that is something that goes
23:49
Speaker 2: on your assets list when talking to a broker that
23:52
Speaker 2: gives you better lending. Like, go and talk to a
23:56
Speaker 2: good mortgage broker. I know a heap. I actually employed
23:59
Speaker 2: that at Zella Money. But what I would be doing
24:02
Speaker 2: is going and talking to a broker who can go
24:04
Speaker 2: all right, beck, I'm gonna spread all your options out.
24:08
Speaker 2: So right now we have forty thousand dollars in savings,
24:11
Speaker 2: we've got your shares, we've got this, we've got that.
24:13
Speaker 2: Like any good mortgage broker is going to take you
24:16
Speaker 2: through all of your home deposit schemes, what you have
24:19
Speaker 2: access to, whether there are banks that would accept you,
24:23
Speaker 2: do not pay any LMI if you were to go
24:25
Speaker 2: for a loan through them. Like a couple of weeks ago,
24:29
Speaker 2: we got a single mum her first home with a
24:33
Speaker 2: two percent deposit, no guarantee, nothing, a two percent deposit incredible.
24:39
Speaker 2: We see homeowners literally weekly at Zella Money getting their
24:44
Speaker 2: first home for a ten percent deposit. We had a
24:46
Speaker 2: couple of weeks ago someone get it with a five
24:48
Speaker 2: percent deposit. These are people that don't have guaranteores. So
24:52
Speaker 2: like obviously with a guaranteur that is really easy. But
24:54
Speaker 2: there are different credit unions, there are different lending facilities
24:58
Speaker 2: that good broker have access to to help you in
25:02
Speaker 2: this situation. And they will put on paper literally sit
25:06
Speaker 2: you down and go all right, well, you could buy now,
25:09
Speaker 2: here's the outcome of buying now, or you could buy
25:13
Speaker 2: in six months when you've got you know, a little
25:15
Speaker 2: bit more money. And this is what these outcomes would
25:18
Speaker 2: look like. A good mortgage broker isn't rushing you into
25:21
Speaker 2: buying asap. And I think when Jess you said, I'm
25:25
Speaker 2: skeptical it's because those outcomes or what we're talking about here,
25:30
Speaker 2: like own home, I'm super skeptical. I don't want anybody
25:34
Speaker 2: swooping in and taking advantage of the fact that you
25:37
Speaker 2: don't have the deposit that you think you should have,
25:40
Speaker 2: so they go, you know what I can get her.
25:43
Speaker 2: I can give her a loan. I can put her
25:45
Speaker 2: in quote the best possible position, and she's going to
25:49
Speaker 2: be happy with that interest rate, when in reality that's
25:52
Speaker 2: not best for long term you. So I would be
25:54
Speaker 2: talking to a professional here. Spoiler. When you're talking about
25:59
Speaker 2: property with mortgage broker, it's free. It's not like going
26:04
Speaker 2: and getting financial advice, which can be crippling. Let's be honest.
26:08
Speaker 2: Financial advice is really expensive. But when you're talking to
26:11
Speaker 2: a mortgage broker, we get paid by the banks. We
26:15
Speaker 2: aren't paid by our consumer, which is for me, the
26:18
Speaker 2: sexiest thing about it, because I can give you epic
26:21
Speaker 2: advice and it doesn't cost you a thing. It just
26:24
Speaker 2: puts you on a better journey, in a better position
26:27
Speaker 2: because I got to be involved. So I guess that's
26:30
Speaker 2: my just talk to somebody in the know, and it
26:34
Speaker 2: sounds like maybe this is a stretch, but from the
26:37
Speaker 2: way that you're articulating what's going on. You explained both
26:41
Speaker 2: options as though it was one or the other, when
26:44
Speaker 2: in reality it was one or a broker who hopefully
26:48
Speaker 2: had gave you access to sixty plus different options like
26:52
Speaker 2: we do. That should have been more clear when you
26:55
Speaker 2: were articulating that to me, and that, to me tells
26:58
Speaker 2: me that whoever you've been talking to is maybe not
27:03
Speaker 2: helping you in the way that they should be helping you.
27:05
Speaker 2: So my advice would be, go and find a broker
27:07
Speaker 2: who can assess this homeown option for you. I have
27:11
Speaker 2: literally said, and my team have literally said to clients
27:15
Speaker 2: sometimes I know that you're here to refinance, Great, don't
27:20
Speaker 2: I'd love to help you refinance, but you're not going
27:22
Speaker 2: to be in a better position because what you've got
27:24
Speaker 2: right now you secured during COVID, and that is epic.
27:27
Speaker 2: Please don't refinance yet, but when your time comes up,
27:30
Speaker 2: we'll do it. Then we've literally said to people, you're right,
27:34
Speaker 2: you can't get a better deal than the one that's
27:36
Speaker 2: currently on the table for you. Go with that. Like
27:39
Speaker 2: I do not want to just get clients and rack
27:41
Speaker 2: them up just because I can. I want to put
27:43
Speaker 2: people in the best possible position. Find a broker that
27:46
Speaker 2: can do that for you, is my advice. I feel
27:49
Speaker 2: like that was like sorry me just being like I
27:52
Speaker 2: hate it. Here, I fix this, so apologies. I usually
27:56
Speaker 2: give you guys a heap of time to have your opinions,
27:59
Speaker 2: but Beck, what would you do?
28:00
Speaker 5: You're like, Oh, I'm not the best person because I'm
28:03
Speaker 5: I'm literally noticing things in myself, Like when I was
28:06
Speaker 5: telling you guys about how I'm trying to like look
28:08
Speaker 5: up rent to buy situations and I'm realizing, like it's possible,
28:12
Speaker 5: but god, it would be so expensive to do that,
28:15
Speaker 5: and it would be.
28:16
Speaker 2: It's expensive long term, it's expensive.
28:18
Speaker 5: Long term, and like, well, it depends like some people
28:20
Speaker 5: would be great, some people wouldn't be great. But I
28:23
Speaker 5: just get so like, oh my god, here's my one
28:25
Speaker 5: and only chance. And I feel so urgent right now.
28:27
Speaker 5: I'll literally sign any paper work that anyone gives me ever,
28:30
Speaker 5: and I'm just going to jump straight into me with that.
28:32
Speaker 5: So I think that the urgency might be there. I'm
28:35
Speaker 5: sure for anyone who's trying to buy the first year,
28:38
Speaker 5: I feel it, you know, yeah, And it's like, oh, like,
28:42
Speaker 5: let's just chill out and it doesn't matter if this
28:44
Speaker 5: happens in a year's time or next year or the
28:47
Speaker 5: year after whatever, if it doesn't happen at all.
28:49
Speaker 2: I feel like that's really relevant though, like so many
28:52
Speaker 2: people experience that. Beck like that sense of it, and
28:55
Speaker 2: I feel like that's the two pieces of advice I'd
28:57
Speaker 2: have about money when it comes down to it. So
29:01
Speaker 2: that first piece is, anybody who gives you a sense
29:06
Speaker 2: of urgency around your money does not have your best
29:09
Speaker 2: interests at heart.
29:10
Speaker 5: That's true.
29:10
Speaker 2: Anybody who's asking you to make a split second decision
29:14
Speaker 2: to quickly wrap it up, it's for them. It's never
29:18
Speaker 2: for you. So if you talk to a broker, you
29:22
Speaker 2: talk to a financial advisor, any good one will say
29:26
Speaker 2: you let me know when you're ready. I'll leave it
29:29
Speaker 2: in your court. You call me if you've got questions,
29:31
Speaker 2: You ask me like they might ask you follow up
29:34
Speaker 2: questions and be like, hey, Jess, how are you going
29:35
Speaker 2: on the house hunt? But they aren't going hey, like
29:38
Speaker 2: you really need to find a property this weekend, like
29:41
Speaker 2: you needed to settle. Like to me, that is a
29:43
Speaker 2: red flag that they do not have your best interests
29:45
Speaker 2: at heart. The second piece of advice would be Beck.
29:49
Speaker 2: There is always another opportunity. Always, You're not ever going
29:54
Speaker 2: to miss out because you didn't take a financial opportunity
29:57
Speaker 2: because there's going to be another one. It might not
30:00
Speaker 2: look for the same, but it will present itself. And
30:04
Speaker 2: I think so often people get this sense of I'm
30:08
Speaker 2: going to miss out if I don't take this up.
30:10
Speaker 2: Oh my gosh, it's an investment opportunity of a lifetime.
30:13
Speaker 2: I promise you it's not. Yeah, Like, it doesn't mean
30:16
Speaker 2: that it's a bad opportunity, but if it's not the
30:19
Speaker 2: right time for you, it's actually not the right investment.
30:22
Speaker 2: So if you have a sense of urgency because you're
30:25
Speaker 2: like I just I really need to just get this done.
30:27
Speaker 2: All my friends are doing it. I'm feeling behind, terrible idea. Yeah,
30:31
Speaker 2: until you feel really calm, really at peace, and really
30:34
Speaker 2: measured in the decisions that you're making, that's a good
30:37
Speaker 2: financial decision, great advice. I feel like I get so
30:40
Speaker 2: frustrated because that sense of urgency is something that I
30:44
Speaker 2: often see in the industry. Yeah, and I just know
30:47
Speaker 2: that it's not coming from people wanting to put you
30:50
Speaker 2: in the best possible position. It's coming from people who
30:53
Speaker 2: either want to prey on your lack of literacy and
30:55
Speaker 2: the fact that you owning a home would be so sick,
31:00
Speaker 2: are going to be so amazing. So someone who can
31:02
Speaker 2: sell you that dream right now? I beck you could
31:05
Speaker 2: get into it sooner you go, oh yeah, this guy's
31:08
Speaker 2: here to help me.
31:08
Speaker 5: It's going to work on me.
31:09
Speaker 2: No, these guys here to help line their back pocket,
31:13
Speaker 2: and the best way to do that would be to
31:15
Speaker 2: have as little strings attached as possible. Right, So maybe
31:19
Speaker 2: if it does take a bit more time, it might
31:21
Speaker 2: not be as exciting an option right now, but I
31:24
Speaker 2: promise it will put future you in the best possible position.
31:27
Speaker 2: Thank you.
31:28
Speaker 5: I mean I wasn't for me, but thank you. I've
31:31
Speaker 5: taken a lot from this.
31:32
Speaker 2: I am glad. Please don't do it talk to me
31:34
Speaker 2: off air. Yes, I will great. Ten, let's get into
31:37
Speaker 2: our money dilemma this week we got a DM Are
31:40
Speaker 2: you ready to hear it? My friends? Absolutely all right?
31:43
Speaker 2: Advice please, she's on the money. My fiance and I
31:47
Speaker 2: are deep in wedding planning, and to be honest, it's stressful.
31:51
Speaker 2: He comes from a culture where it's traditional to invite
31:54
Speaker 2: hundreds of people, most of which I've never met these
31:58
Speaker 2: guests give large sums of money gifts, which is a
32:01
Speaker 2: really big deal in his family. He's excited about this tradition,
32:05
Speaker 2: but I'm feeling overwhelmed. I always imagined a small, intimate
32:09
Speaker 2: wedding with close friends and family. It feels odd to
32:12
Speaker 2: accept money from people I don't know, and it makes
32:15
Speaker 2: it feel so much more transactional than celebratory. There's also
32:20
Speaker 2: an unspoken expectation will then attend the weddings of all
32:23
Speaker 2: these people and give them large cash gifts in return.
32:27
Speaker 2: I don't want to offend his family, but I also
32:31
Speaker 2: want our wedding to feel personal and not a big spectacle.
32:34
Speaker 2: How do I navigate this without causing a fight or
32:37
Speaker 2: coming off as disrespectful?
32:39
Speaker 5: This is really hard. I actually don't have anything yet,
32:42
Speaker 5: so maybe i'll.
32:43
Speaker 2: You're like, give me a minute to ponder, Miss JESSICRICI.
32:47
Speaker 4: I think it's very tough, because ultimately, a wedding is
32:51
Speaker 4: the marrying of two people who have different backgrounds, perhaps
32:54
Speaker 4: different values, different ideals.
32:56
Speaker 2: I'm sorry, don't ask with Catholic Church.
32:58
Speaker 4: That like the ultimate outcome more often than not in weddings,
33:02
Speaker 4: I think is that you have to reach a point
33:04
Speaker 4: of compromise like big wedding, small wedding, expensive wedding, cheap wedding,
33:08
Speaker 4: you know, dresses or suits or whatever, like ten bridesmaids,
33:11
Speaker 4: two bridesmaids, Like it's all a give and take based
33:14
Speaker 4: on what's important to each of you. I think the
33:16
Speaker 4: element that is tricky is the fact that it's not
33:20
Speaker 4: just oh, I have ten thousand people I want to invite.
33:24
Speaker 4: It's a cultural thing and it's I think important to
33:27
Speaker 4: acknowledge that it's important to be respectful of those traditions
33:31
Speaker 4: that are a part of your culture, a part of
33:33
Speaker 4: your upbringing, and they you know, it sounds like a
33:36
Speaker 4: really important to your partner. I completely understand where she's
33:39
Speaker 4: coming from. I think I personally would also not love
33:42
Speaker 4: the idea of committing to paying hundreds of people heaps
33:45
Speaker 4: of money over time.
33:47
Speaker 2: I would not agree to that hundreds of people heapes
33:49
Speaker 2: the money. One out of ten times, You're right, it
33:52
Speaker 2: does given me anxiety.
33:53
Speaker 4: Yeah, And it's really hard because I guess there are
33:56
Speaker 4: a number of cultures in which you know that is
33:58
Speaker 4: a big part of the tradition, and it's hard to
34:01
Speaker 4: figure out where you draw the line between what is
34:04
Speaker 4: comfortable for our listener and what is important to their
34:08
Speaker 4: partner as a part of culture and tradition. I don't
34:11
Speaker 4: think that there is a right answer and answer that
34:13
Speaker 4: we can give you. I think it is you have
34:15
Speaker 4: to talk to them, shocker. You have to have a
34:17
Speaker 4: conversation with them. And I think the argument that you've
34:20
Speaker 4: put forward to us is very valid. And if you're
34:23
Speaker 4: marrying this person, I would hope that they would hear
34:26
Speaker 4: out your concerns and work with you to find a compromise.
34:30
Speaker 4: But if I'm honest, I don't necessarily know what that
34:33
Speaker 4: compromise could be. I mean, maybe it is pairing it
34:35
Speaker 4: back into instead of one hundred people, it's eighty people
34:39
Speaker 4: or fifty people, or finding a number in the middle.
34:42
Speaker 4: But I guess that doesn't really get you out of
34:43
Speaker 4: the committing I guess informally to then attending other weddings
34:47
Speaker 4: and paying the money, which is tricky. But I think
34:50
Speaker 4: it's something that you guys probably really have to come
34:52
Speaker 4: to together in regards to what feels right for you.
34:55
Speaker 2: Oh my gosh, you're saying that, like every other episode,
34:58
Speaker 2: communication is key.
35:00
Speaker 4: That's crazy.
35:00
Speaker 2: I know. Oh my god, I did not see this coming.
35:04
Speaker 4: But I think, yeah, just keeping in mind that what
35:06
Speaker 4: you want is valid, but what he wants is also valid,
35:09
Speaker 4: and someone's history and culture is very important, and that
35:12
Speaker 4: your partner has a right to want to part of
35:15
Speaker 4: celebrate that too.
35:16
Speaker 5: Yeah.
35:16
Speaker 2: Absolutely, I get that you're uncomfortable about it, though, And
35:19
Speaker 2: I feel like when you're uncomfortable about something, it's either
35:23
Speaker 2: because it's absolutely the wrong thing to do or you
35:27
Speaker 2: just don't have enough education on that topic yet. From
35:31
Speaker 2: my perspective, doing some research into your partner's cultural weddings,
35:37
Speaker 2: what does that usually look like? You know, what does
35:39
Speaker 2: it look like in his family? Have you spoken to him?
35:42
Speaker 2: How does he feel about it? Like is it something
35:44
Speaker 2: that he feels as though is just being pushed on
35:46
Speaker 2: him as well? Or vice versa, Like where is this
35:49
Speaker 2: all coming from? So that you can come to a
35:52
Speaker 2: very educated decision, not just to And I don't know
35:55
Speaker 2: how comfortable you are. We're always given such small amounts
35:58
Speaker 2: of information, right, but I would be asking a million
36:02
Speaker 2: questions about what does that look like? How does that work?
36:04
Speaker 2: And I mean, yes, there might be an expectation that
36:08
Speaker 2: you give big cash gifts, but I'm also a very
36:11
Speaker 2: big believer that irrespective of culture, giving big cash gifts
36:14
Speaker 2: if you're not in that position, shouldn't be something that
36:18
Speaker 2: you have to do. So if that's something that they
36:21
Speaker 2: want to do, is a gift not meant to be
36:24
Speaker 2: something that is given without expectation. Otherwise it is not
36:28
Speaker 2: a gift, is it.
36:29
Speaker 7: Yeah?
36:30
Speaker 4: It can be hard because I have a few friends
36:33
Speaker 4: that have gotten married that within their culture, it's almost like,
36:37
Speaker 4: I don't want to say a competition, but like people.
36:39
Speaker 2: It's absolutely a competition. People are keep in.
36:41
Speaker 4: The track, you know, maybe particularly I think the older general,
36:44
Speaker 4: more traditional.
36:45
Speaker 2: Gener I've got a girlfriend whose family like wrote an
36:48
Speaker 2: entire spreadsheet of what gifts were given, what the price
36:51
Speaker 2: point was, how many words were written in the card,
36:54
Speaker 2: and like that was normal. Everyone in their family does
36:56
Speaker 2: that because they keep track of it because then when
36:58
Speaker 2: they go to a wedding, they consult spreadsheet to see
37:02
Speaker 2: what they will be giving at that And like to me,
37:05
Speaker 2: which when I heard that, I was horrified. Yeah, I
37:08
Speaker 2: was like, oh my god, I would never But if
37:12
Speaker 2: that's what works for them in their culture, like who
37:15
Speaker 2: am I to judge?
37:16
Speaker 4: Yeah, And I think that's probably where the transactional feeling
37:18
Speaker 4: comes wrong. But you're totally right. Like it's a hard
37:21
Speaker 4: balance because you don't want to disrespect those traditions or
37:25
Speaker 4: that culture or you know, like if you don't reciprocate
37:28
Speaker 4: that gift, you don't want them to be like, oh
37:30
Speaker 4: my gosh, they hate us because you know, it's so
37:33
Speaker 4: hard to navigate and you know, it's not my traditional,
37:37
Speaker 4: my culture to participate in weddings that way. So I
37:40
Speaker 4: it's hard for me to understand, I guess, or to
37:43
Speaker 4: speak on.
37:44
Speaker 2: But I love that we get these questions so we
37:46
Speaker 2: can learn more about it, and I just go, oh
37:49
Speaker 2: my gosh, people do it like this. I just I
37:51
Speaker 2: went to a friend's wedding a couple of years ago
37:54
Speaker 2: and she was Chinese, and just even the immersion of
37:58
Speaker 2: her culture, Oh my gosh, it was amazing, Like just
38:02
Speaker 2: understanding how many different ceremonies we went to in the
38:05
Speaker 2: lead up to her wedding, how many different things on
38:08
Speaker 2: the day were done that were very different to my wedding,
38:11
Speaker 2: Like it was just so cool. But I can see
38:14
Speaker 2: that that would have been really jarring as her partner,
38:17
Speaker 2: who was my friend growing up that did not have
38:21
Speaker 2: that cultural background. He was like, what the heck and
38:23
Speaker 2: is going on. I don't understand she saw that, and
38:26
Speaker 2: like it could seem a bit you know, overwhelming and
38:31
Speaker 2: not what they are used to.
38:33
Speaker 5: Yeah, definitely. I have a friend who I think from memory,
38:36
Speaker 5: she they take cash, actual physical cash, and like stick
38:41
Speaker 5: it to the bride. Oh yeah, I've seen that, yeah,
38:44
Speaker 5: which I think is really cool. So I just think,
38:45
Speaker 5: like all of these cashtres different wedding was made for me. Yeah,
38:49
Speaker 5: Like I feel like all these different wedding celebrations and
38:52
Speaker 5: ceremonies and all these like all these different like variations
38:55
Speaker 5: of the same thing, and we all celebrate it in
38:58
Speaker 5: totally different ways. And like some people don't celebrate it
39:00
Speaker 5: at all. Some people do believe in it, some people
39:02
Speaker 5: don't believe in it. Some people. It's just really beautiful
39:05
Speaker 5: to see how different cultures and different people celebrate the
39:09
Speaker 5: same thing in their own way, which I think is
39:11
Speaker 5: really cool. But I can understand why, Like in a culture,
39:14
Speaker 5: in a society where we literally black and white, cash
39:18
Speaker 5: for something is transactional, but for some cultures it's not.
39:23
Speaker 2: At all, okay, celebratory.
39:25
Speaker 5: I'm not Hindu, but my family are Muslim, well one
39:28
Speaker 5: half of them, and so we don't actually celebrate Duwali,
39:31
Speaker 5: but I don't. My first girlfriend was Hindu. She celebrate
39:34
Speaker 5: Dwali and they give well she did anyway. I don't
39:38
Speaker 5: want to speak for all because I this is like
39:39
Speaker 5: in high school, but they gave cash gifts, and for
39:43
Speaker 5: them cash gifts. It's not like a transactional thing. It's
39:47
Speaker 5: not the way like we open up our mom's birthday
39:51
Speaker 5: card and hope that there's twenty bucks in there so
39:53
Speaker 5: we can like, you know, bias or something. It's not
39:54
Speaker 5: in that kind of way. It's just it holds so
39:57
Speaker 5: much more value to certain people.
40:00
Speaker 2: So true, you know I wouldn't so yeah, like the
40:02
Speaker 2: Chinese tradition of giving a red envelopes, ye yeah, yeah.
40:08
Speaker 5: Totally. So I feel like it's not someone giving you
40:12
Speaker 5: cash or that this tradition that is making you feel
40:14
Speaker 5: bit uncomfortable. I'm assuming they're probably not viewing it in
40:18
Speaker 5: the same way that we.
40:19
Speaker 2: Might, but I can see you're uncomfort and I acknowledge
40:23
Speaker 2: that it's there. But how do we work through that?
40:25
Speaker 2: Because I feel like if you're marrying into this as well,
40:28
Speaker 2: it's going to be a theme that keeps coming up.
40:30
Speaker 5: Totally. But I do think like for starters. If this
40:34
Speaker 5: is something on your partner's side that is a tradition.
40:37
Speaker 5: If you ever come across a situation where, first of all,
40:40
Speaker 5: people aren't getting married every year once a year, every year,
40:43
Speaker 5: it's once off, hopefully maybe twice off, maybe three times,
40:46
Speaker 5: who knows, but it doesn't happen as often as a
40:49
Speaker 5: birthday or a Christmas.
40:51
Speaker 2: What stage do you stop bringing a wedding gift? Like
40:54
Speaker 2: if Jess was on a fourth marriage, I'm like out
40:57
Speaker 2: fourth marriage.
40:59
Speaker 1: I.
41:02
Speaker 5: Would probably I would keep going if you had a
41:03
Speaker 5: wedding every year.
41:04
Speaker 2: I loved getting married, so like I would have another wedding.
41:11
Speaker 2: Oh a thousand percent.
41:13
Speaker 5: So you can do a wedding, vowel, wedding.
41:16
Speaker 4: Don't put it party, manual, wedding renewal, vowel renewal.
41:18
Speaker 2: Don't put it past me. I would if I could,
41:20
Speaker 2: but my husband won't consent to that, so I won't do.
41:23
Speaker 4: We have some people weighing in maybe who have different course.
41:26
Speaker 2: We asked a few questions first. So first question we
41:29
Speaker 2: asked was would you feel comfortable accepting a cash gift
41:31
Speaker 2: from hundreds of people you didn't know. Forty six percent
41:35
Speaker 2: of you said yes, especially if it's a tradition, and
41:37
Speaker 2: fifty four percent of you said no, it feels uncomfortable.
41:41
Speaker 2: I think that's actually just really reflective of the demographic
41:44
Speaker 2: in our community. Like our community we are in Australia,
41:49
Speaker 2: and I feel like we are multicultural, which I am
41:52
Speaker 2: so grateful for. But overwhelmingly lots of us are going
41:56
Speaker 2: to have Australian values because that's where our podcast lives,
41:59
Speaker 2: and that's so okay. But I think, yeah, that's maybe
42:04
Speaker 2: reflective of that. That doesn't necessarily mean that, no, everybody
42:10
Speaker 2: worldwide feels uncomfortable. It's probably just very reflective of our community.
42:15
Speaker 2: And then we asked, would you compromise your wedding vision
42:18
Speaker 2: to honor family traditions, such a spicy question. Thirty six
42:23
Speaker 2: percent of you said yep, traditions are important, but sixty
42:26
Speaker 2: four percent of you said no, your wedding should reflect you.
42:30
Speaker 2: Oh true, I agree your wedding should reflect you. But
42:33
Speaker 2: there's you're married.
42:35
Speaker 4: Yeah, yeah, absolutely, Like it's you.
42:39
Speaker 2: You're marrying into a culture.
42:40
Speaker 5: It's got to be a hybrid of everyone's hopes and dreams.
42:43
Speaker 4: And it's got to be a compromise, like it's two
42:45
Speaker 4: separate individuals.
42:46
Speaker 2: Culture is beautiful. Like the idea that you get to
42:50
Speaker 2: marry into another culture that has this rich history that
42:54
Speaker 2: you didn't have experience it. I just think it's so cool,
42:58
Speaker 2: Like the idea that you've got, you know, you talking
43:00
Speaker 2: about your ex girlfriend, she gets another shout out, But
43:03
Speaker 2: like the idea that you got to have such a
43:06
Speaker 2: close experience with her culture and how she celebrated, like
43:11
Speaker 2: doing de Wali would have been something that you'd never know.
43:13
Speaker 2: I just think it's such a privilege to experience other
43:16
Speaker 2: people's culture, And like a wedding in lots of cultures
43:19
Speaker 2: is just such an honor and such an event that
43:24
Speaker 2: it's not just about you. Yeah, yeah, it should be
43:27
Speaker 2: about you because it's kind of reflective of your culture
43:30
Speaker 2: and your traditions. And even if you want what you
43:32
Speaker 2: deem to be a super traditional plain wedding, that doesn't
43:36
Speaker 2: mean that that's your partner's super traditional plain wedding.
43:39
Speaker 4: Right, Yes, what else do people say?
43:41
Speaker 2: So we did say, all right, give us your two cents.
43:44
Speaker 2: One person said, in our Asian culture, this is very
43:47
Speaker 2: common and hard to compromise on, to be honest. Someone
43:51
Speaker 2: else said, we ended up having two weddings, one traditional
43:54
Speaker 2: and one Western.
43:56
Speaker 4: I kind of like that.
43:57
Speaker 5: Yeah, I was going to be.
44:00
Speaker 2: Married. It was my favorite and you got to do
44:01
Speaker 2: it twice. That's cool.
44:02
Speaker 4: It doesn't fix a lot of our listeners problems, but
44:05
Speaker 4: it's like a fun I mean it also probably very expensive, but.
44:08
Speaker 2: Oh oh my gosh. Yes, absolutely, but like that idea,
44:11
Speaker 2: let's just put the financial cost of the wedding completely aside.
44:15
Speaker 2: While having this chat, someone else said, I'd save the
44:19
Speaker 2: money they gave me for their family gifts and then
44:22
Speaker 2: add a little bit of an interest.
44:24
Speaker 4: Actually, not a terrible idea, the money.
44:26
Speaker 2: Aside for when you go to weddings.
44:28
Speaker 4: Just give back what you I mean, if yeah, like
44:31
Speaker 4: if it is that nature what we were talking about before,
44:33
Speaker 4: where it's.
44:33
Speaker 2: Like you've you've never got the budget decide to attend
44:36
Speaker 2: to their weddings.
44:36
Speaker 5: Wait, you guys one hundred, one hundred, it's like ten
44:41
Speaker 5: thousand dollars, right, So I'm saying, if you are one
44:46
Speaker 5: hundred guests gave you one hundred dollars, that's like ten
44:49
Speaker 5: thousand dollars, right, then Yeah, you could do that.
44:51
Speaker 4: Yeah, it's probably a really good workaround for the fact
44:53
Speaker 4: that our listener doesn't necessarily want to accept the money
44:56
Speaker 4: or feel comfy with that, like maybe you're just holding
44:57
Speaker 4: it in trust until you go to their wedding. Give
45:01
Speaker 4: Oh my god, maybe that's the solution.
45:03
Speaker 2: That's a solution the An series and communication. It's hold
45:06
Speaker 2: the money on trust.
45:07
Speaker 4: Sit on it like a dragon on a pile of gold,
45:10
Speaker 4: and then.
45:10
Speaker 2: Like a dragon on a pile of gold. This is
45:12
Speaker 2: really reflective of the content you're into recently, because I
45:15
Speaker 2: was like gonna say, a golden goose. All right, so
45:19
Speaker 2: next person, you can still mostly hang with your people
45:23
Speaker 2: important to you and do things that are important to you.
45:27
Speaker 2: I think that that's mainly saying like they can still
45:30
Speaker 2: do that, yeah, and honor their tradition. It doesn't mean
45:34
Speaker 2: that your family has to give heaps of money. Maybe
45:38
Speaker 2: just the people that celebrate that way.
45:40
Speaker 6: Doo.
45:41
Speaker 2: Someone else said, my friend is going through something really similar,
45:44
Speaker 2: and they booked a venue that has a max cap
45:47
Speaker 2: sorry physically sorry, I actually just booked a restaurant. Actually
45:53
Speaker 2: it's really niche. There's only a table of ten. Someone
45:57
Speaker 2: else said, we just chose to alowe. Wouldn't change of things?
46:01
Speaker 2: Saved oodles of money and all of the stress. One
46:05
Speaker 2: other comment said, had the same situation, but we're stuck
46:08
Speaker 2: to what we want the wedding outcome to be. That's
46:11
Speaker 2: a good point. Why are you getting married?
46:14
Speaker 5: Oh well, now we've opening a new why are.
46:20
Speaker 2: You getting married? And if you're getting married into that culture,
46:25
Speaker 2: why are you doing that if it makes you uncomfortable?
46:27
Speaker 2: Oh maybe that's a little bit too deep, too far,
46:32
Speaker 2: too quick. But like also, maybe let's get really comfortable
46:36
Speaker 2: with the culture. Someone else said, and I thought this
46:38
Speaker 2: was really funny. I come from a really big Greek family.
46:42
Speaker 2: My dream wedding's going to piss a lot of people off.
46:45
Speaker 4: Not the traditional, my big fat Greek wedding.
46:47
Speaker 2: No, apparently not. Then I've got two part of answers
46:51
Speaker 2: to finish this off. Someone said, I come from such
46:54
Speaker 2: a culture. I think the traditions have to be taken
46:57
Speaker 2: into context because it's definitely not seen as transactional. It's
47:01
Speaker 2: seen as a way of coming together to chip in,
47:04
Speaker 2: which I think is really beautiful. And then the second
47:07
Speaker 2: two part was we had a traditional ceremony where my
47:10
Speaker 2: family helped pay and kept gifts from their friends, and
47:13
Speaker 2: then we had a reception on a separate night. Then
47:16
Speaker 2: in brackets. I know that's not easy for some with
47:18
Speaker 2: only our close friends, so we could have the best
47:21
Speaker 2: of both worlds.
47:22
Speaker 5: Very good idea.
47:24
Speaker 2: I feel like there's lots of compromise to be made.
47:26
Speaker 2: But guess what, guys. To make those compromises, you need
47:30
Speaker 2: to chat with your partner and understand how important these
47:33
Speaker 2: things are. And I get that it feels transactional. But
47:36
Speaker 2: after this chat, I feel like I want to do
47:38
Speaker 2: a bit more learning about how those cultures really feel.
47:42
Speaker 2: Like it's chipping in like I have had. Yeah, Like, yeah,
47:46
Speaker 2: I want to know more about how that works. Because
47:49
Speaker 2: as somebody who has grown up in a very Australian family,
47:54
Speaker 2: I do feel relatively uncomfortable handing over cash gifts because
47:59
Speaker 2: I've been taught that that's the lazy gift, Like that's
48:02
Speaker 2: just how I've grown up, Like, oh yeap, just get
48:05
Speaker 2: them a gift card. Like to me, that's a flippant response,
48:08
Speaker 2: whereas which is so not true. No, no, no, it's
48:11
Speaker 2: not Jess loves a bloody gift card.
48:14
Speaker 4: I like more than a Mecca gift card, which you
48:17
Speaker 4: know so well. But get rid of the idea.
48:22
Speaker 2: I'm talking like stereotypes chains that, in my head are
48:26
Speaker 2: part of my money story that I in the back
48:29
Speaker 2: of my mind go, maybe that's true, but it's not true.
48:32
Speaker 2: And I feel like that opens a conversation up of
48:34
Speaker 2: me being like, I want to learn so much more
48:36
Speaker 2: about all these other culture's weddings and how they view
48:39
Speaker 2: money and what that looks like. So if you ever
48:41
Speaker 2: see a podcast pop up that's like Cultural Money Discussions
48:46
Speaker 2: or something, you know where this has come from.
48:48
Speaker 4: Yeah, it's so interesting.
48:50
Speaker 2: Well, guys, unfortunately that's all we have time for today.
48:53
Speaker 2: Have a good weekend. I'm gonna probably do another bonus
48:56
Speaker 2: episode tomorrow, so we'll see you then, but we'll also
48:59
Speaker 2: see everybody right nearly on Monday morning for money Dary
49:02
Speaker 2: Bye Bye. The advice shared on She's on the Money
49:12
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